Report Update Nov 1, 2024

Philippines - Rare Gases (Excluding Argon) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Rare Gases Market 2024

Rare Gases Exports

Exports from the Philippines

In 2022, the amount of rare gases (excluding argon) exported from the Philippines declined rapidly to X cubic meters, waning by -95.8% on the year before. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by 1,654%. Over the period under review, the exports hit record highs at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, rare gases exports soared to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,889% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X cubic meters) was the main destination for rare gases exports from the Philippines, accounting for a 99% share of total exports. It was followed by Germany (X cubic meters), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled -30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-100.0% per year) and China (-68.8% per year).

In value terms, Japan ($X) emerged as the key foreign market for rare gases (excluding argon) exports from the Philippines, comprising 97% of total exports. The second position in the ranking was taken by China ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-40.4% per year) and Germany (-99.0% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, jumping by 19,366% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15,146.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into the Philippines

In 2022, supplies from abroad of rare gases (excluding argon) was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2013 when imports increased by 189% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports rose sharply to $X in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2014 when imports increased by 114% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X cubic meters) constituted the largest rare gases supplier to the Philippines, accounting for a 87% share of total imports. Moreover, rare gases imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), more than tenfold. Malaysia (X cubic meters) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.6% per year) and Malaysia (+9.1% per year).

In value terms, Singapore ($X) constituted the largest supplier of rare gases (excluding argon) to the Philippines, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+104.7% per year) and the United States (+54.6% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, waning by -7.1% against the previous year. In general, the import price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 243% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+82.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare gases (excluding argon) in the world?

The countries with the highest volumes of rare gases consumption in 2021 were China, the United States and Germany, with a combined 43% share of global consumption.

What are the largest producers of rare gases (excluding argon) in the world?

The countries with the highest volumes of rare gases production in 2021 were China, the United States and Germany, with a combined 44% share of global production.

What are the leading suppliers of rare gases (excluding argon) to the Philippines?

In value terms, China constituted the largest supplier of rare gases to the Philippines, comprising 39% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by South Korea, with a 7.7% share.

What are the leading importers of rare gases (excluding argon) from the Philippines?

In value terms, Australia emerged as the key foreign market for rare gases exports from the Philippines, comprising 56% of total exports. The second position in the ranking was occupied by China, with a 16% share of total exports. It was followed by Singapore, with an 11% share.

What is the average export price for rare gases (excluding argon) in the Philippines?

The average rare gases export price stood at $3.8 per cubic meter in 2021, waning by -71.9% against the previous year.

What is the average import price for rare gases (excluding argon) in the Philippines?

The average rare gases import price stood at $18 per cubic meter in 2021, waning by -1.8% against the previous year.

This report provides an in-depth analysis of the rare gases market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111130 - Rare gases (excluding argon)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023